THE BUND BOND ISSUE A new york paper whose fri friendliness endline for certain combinations known as an bond syndicates is neither questioned nor denied expresses regret that the government made its war loan a popular one the paper th shows aws or tries to show that had the e t bonds ands been floated as they should have been they would have commanded camm a pre gium of two or three per cent and that tham by cutting off competition in the matter of purchase there has been a loss lobs 4 to the treasury of from to a 6 the tact fact that previous issues of the kind have been placed upon t the h market for the best bids is referred havie to as a precedent which it would have been wise to follow there are otiler other opinions about that an extract from one of which train from the new boray world is appended how touching is this solicitude for the welfare of the government aha yet in february 1885 1895 when Pre president giden Clev elands secretary of the treasury privately sold to a syndicate of 4 per cent bonds at thou though similar bonds were worth in the m market 20 we do not remember that any such solicitude was shown for the proter prot efe tion of the treasury abr again when in january 1896 the same syndicate P proposed ropo s ed to take another issue of of bonds at about the same price when they were worth 10 more was any objection raised ta this organ of the syndicate Is it not a trifle inconsistent e even en tor a plutocratic organ to acquiesce acquits e irl in im 1 deal by which a syndicate Is e enabled I 1 t realize a certain profit of 15 or 14 1 pefe cent on a bond purchase and then t become suddenly alarmed over taft dreadful possibility that individual dual 14 taj k vectors ve plain citizens in every part jofs the country may make accor according dinc to the best judges bor 2 or 3 per cent I 1 one thing that strikes some people who give thought to the matter is th ahk manifest lack of co consideration to those who originally produce all the means upon which the government re r lies for support as well as being flail pillars props and mainstays main stays tg troublous times like those now upon the land those who look upon the producers and defenders as aliens when it comes to a matter of widespread profitable investment and as dear people good citizens and so on when there is an election or a war on hand have really exercised more dominion in the affairs of this land than Is altogether acceptable to the other class this is why the latter experience an additional pleasure in taking up those bonds they are a safe and a profitable investment as is shown by the wry faces made by the millionaires who failed to effect their generally unfailing corner and the common people not only receive for once in their lives the increment on a government indebtedness but by so doing are actually dividing honors as well as profits with the other class by actively taking a hand in the conduct of the government what a piece of unwarrantable presumption to be sure the administration has acted wisely and well in this matter by taking the people the whole people into its confidence and securing to them some of the benefits and profits of their own labor and enterprise it has taken a stride in the direction of popularizing itself it does not much matter what a presidents or a cabinets politics or religion may be so long as that decidedly just and wise doctrine the greatest good for the largest number Ts is observed and encouraged let it continue